Is Websol Energy System a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Websol Energy System Ltd is a below average quality company .

Is Websol Energy System undervalued or overvalued?

The key valuation ratios of Websol Energy System Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone .

What is Websol Energy System share price return in the past 10 years?

Websol Energy System Ltd share price has appreciated 55.1% annually (CAGR) over the past ten years.

Is Websol Energy System a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Websol Energy System Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

Websol Energy System Ltd - Stock Valuation and Financial Performance

Name: Websol Energy System
Brand: Websol Energy System

BSE: 517498 | NSE: WEBELSOLAR | Electronics - Components | Small Cap

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Websol Energy System Share Price

₹1,377.55 37.30 2.78%
as on 21-Nov'24 16:59

10 Year X-Ray of Websol Energy System:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	-16.5%	-2.9%	44.7%	8.3%	-11.9%	-4.5%	38.2%	7.8%	-12.4%	-58%	-
Value Creation Index ⓘ	NA	NA	2.2	-0.4	-1.9	-1.3	1.7	-0.5	-1.9	-5.1	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	356	280	296	183	68.6	196	154	213	17.2	25.9	281
Sales YoY Gr.	-	-21.4%	5.9%	-38.1%	-62.6%	185.2%	-21.5%	38.8%	-91.9%	50.2%	-
Adj EPS ⓘ	-9.8	-3.8	37.9	1.4	-8.7	3.1	15.7	2.3	-5.7	-11.6	-11.5
YoY Gr.	-	NA	NA	-96.2%	-707%	NA	412.4%	-85.1%	-345.9%	NA	-
BVPS (₹) ⓘ	-97.5	-102	26.4	37.7	42.7	40.7	55.9	52.3	49.3	25.5	44.7
Adj Net Profit ⓘ	-21.5	-8.3	83.3	3.8	-25.2	9.4	48.8	8.5	-22.2	-49	-48
Cash Flow from Ops. ⓘ	-12.7	29.8	142	10.3	5	0.7	36.2	-3	-8.4	34.9	-
Debt/CF from Ops. ⓘ	-38.3	15.3	0.6	7.9	15.3	114	1	-12.2	-3.2	5.3	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	-25.3%	-17.7%	-44.8%	50.2%
Adj EPS ⓘ	NA	NA	-190.5%	NA
BVPSⓘ	NA	-9.8%	-23%	-48.2%
Share Price	55.1%	126%	166.4%	621.2%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	12.7	4.2	-113.4	4.8	-22.5	7.5	32.7	4.7	-11.6	-32.8	-32.7
Op. Profit Mgn % ⓘ	1.5	3.1	9.7	9.1	-28	1.6	22	12.4	-70.3	-5.1	36.1
Net Profit Mgn % ⓘ	-6	-3	28.1	2.1	-36.8	4.8	31.8	4	-129.1	-189.5	-17.2
Debt to Equity ⓘ	-2.3	-2	1.5	0.8	0.6	0.6	0.2	0.2	0.1	1.7	0.8
Working Cap Days ⓘ	307	321	134	96	344	112	118	86	1,150	619	43
Cash Conv. Cycle ⓘ	-24	-66	-77	-56	-23	-67	-50	17	480	28	-40

Recent Performance Summary

Sales growth is good in last 4 quarters at 33053.41%

Return on Equity is Poor

Sales growth has been subdued in last 3 years -44.78%

Debt to equity has increased versus last 3 years average to 1.70

Latest Financials - Websol Energy System Ltd.

	Standalone	Consolidated
TTM EPS (₹)	-11.5	-
TTM Sales (₹ Cr.)	281	-
BVPS (₹.) ⓘ	44.7	-
Reserves (₹ Cr.) ⓘ	146	-
P/BV ⓘ	30.01	-
PE ⓘ	0.00	-

From the Market
52 Week Low / High (₹)	185.05 / 1645.55
All Time Low / High (₹)	0.50 / 1645.55
Market Cap (₹ Cr.)	5,657
Equity (₹ Cr.)	42.2
Face Value (₹)	10
Industry PE ⓘ	188.3

Management X-Ray of Websol Energy System:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

12.91

0.00

41.41

5.78

89.27

79.28

79.44

84.25

93.04

* Pledged shares as % of Promoter's holding (%)

Valuation of Websol Energy System

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Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

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Dividend History

Analyst's Notes

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Key Ratios of Websol Energy System

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	356	280	296	183	69	196	154	213	17	26
Operating Expenses ⓘ	351	271	267	167	93	193	120	187	30	33
Manufacturing Costs	27	28	25	21	11	17	13	23	6	5
Material Costs	305	228	219	130	57	152	92	146	9	13
Employee Cost	7	7	7	9	9	9	9	10	7	2
Other Costs ⓘ	12	8	16	7	15	13	6	7	8	13
Operating Profit ⓘ	5	9	29	17	-25	3	34	26	-13	-7
Operating Profit Margin (%)	1.5%	3.1%	9.7%	9.1%	-35.8%	1.4%	22.0%	12.4%	-74.3%	-28.5%
Other Income ⓘ	6	1	77	11	17	11	4	5	3	1
Interest ⓘ	2	1	5	9	6	6	9	3	4	5
Depreciation ⓘ	16	15	15	14	15	15	15	15	15	36
Exceptional Items ⓘ	-44	-2	-6	0	0	-7	56	1	-2	-105
Profit Before Tax ⓘ	-52	-9	79	5	-29	-15	69	14	-32	-153
Tax ⓘ	0	1	0	0	0	-19	20	4	-8	-32
Profit After Tax	-52	-10	79	5	-29	4	49	10	-24	-121
PAT Margin (%)	-14.7%	-3.5%	26.6%	2.6%	-42.2%	2.1%	32.2%	4.5%	-137.0%	-467.0%
Adjusted EPS (₹)	-23.8	-4.5	35.8	1.8	-10.0	1.3	15.9	2.6	-6.1	-28.7
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	-195	-205	58	101	124	124	174	192	191	108
Share Capital ⓘ	22	22	22	27	29	31	31	37	39	42
Reserves ⓘ	-217	-227	36	74	95	94	143	155	152	66
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	382	352	84	81	76	68	26	25	27	184
Long Term Debt	171	252	51	56	35	40	13	4	0	162
Short Term Debt	212	100	33	25	41	28	13	21	27	21
Trade Payables	247	158	39	61	81	56	40	23	22	49
Others Liabilities ⓘ	153	148	136	127	71	63	45	46	27	-3
Total Liabilities ⓘ	587	453	317	369	352	311	284	286	267	337
Fixed Assets
Gross Block	358	358	294	328	326	309	309	310	310	354
Accumulated Depreciation	78	92	12	24	40	55	70	85	100	84
Net Fixed Assetsⓘ	280	266	283	304	287	254	239	225	210	270
CWIP ⓘ	0	0	0	0	1	0	0	0	6	30
Investmentsⓘ	0	0	0	0	0	0	0	0	0	0
Inventories	53	21	4	18	34	12	18	22	14	19
Trade Receivables	158	72	1	21	10	18	20	27	2	1
Cash Equivalents	1	1	3	0	0	1	2	4	0	1
Others Assetsⓘ	95	94	26	26	20	26	6	8	36	16
Total Assets ⓘ	587	453	317	369	352	311	284	286	267	337

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	-13	30	142	10	5	1	36	-3	-8	35
PBT ⓘ	-52	-9	79	5	-29	-15	69	14	-29	-47
Adjustment ⓘ	18	16	33	13	8	23	-33	15	20	46
Changes in Working Capital ⓘ	-14	25	31	-4	26	-7	-0	-32	1	36
Tax Paid ⓘ	0	-1	0	-3	-1	1	0	0	0	0
Cash Flow From Investing Activity ⓘ	-1	0	28	-1	6	13	0	-1	-6	-223
Capex	-13	0	21	-6	1	11	0	-1	-6	-223
Net Investments	0	0	0	0	0	0	0	0	0	0
Others ⓘ	12	0	7	5	5	2	0	0	0	0
Cash Flow From Financing Activityⓘ	13	-30	-168	-12	-11	-14	-35	6	10	189
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	23	38
Net Proceeds from Borrowing ⓘ	4	81	-91	0	-2	5	-8	-7	-5	162
Interest Paid ⓘ	0	0	-9	-3	-6	-6	-11	-1	-3	-5
Dividend Paid ⓘ	0	0	0	0	0	0	0	0	0	0
Others ⓘ	9	-111	-67	-8	-3	-12	-15	15	-5	-6
Net Cash Flow ⓘ	-1	-1	2	-3	0	0	1	2	-4	1

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	N/A	N/A	0	6.03	-25.79	3.31	33.11	5.29	-12.37	-80.91
ROCE (%)	N/A	N/A	44.73	8.34	-11.93	-4.49	38.17	7.75	-12.39	-57.99
Asset Turnover Ratio	0.58	0.54	0.77	0.53	0.19	0.59	0.52	0.75	0.06	0.09
PAT to CFO Conversion(x)	N/A	N/A	1.8	2	N/A	0.25	0.73	-0.3	N/A	N/A
Working Capital Days
Receivable Days	171	150	45	23	83	26	45	40	305	18
Inventory Days	47	48	15	22	139	43	35	34	382	232
Payable Days	284	324	164	140	454	164	189	78	902	965

Websol Energy System Ltd Stock News

Websol Energy System Ltd FAQs

What is the share price of Websol Energy System?

Company share prices are keep on changing according to the market conditions. The closing price of Websol Energy System on 21-Nov-2024 16:59 is ₹1,377.6.

What is the market cap of Websol Energy System?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 21-Nov-2024 16:59 the market cap of Websol Energy System stood at ₹5,656.7.

What is the P/E ratio of Websol Energy System?

The latest P/E ratio of Websol Energy System as of 21-Nov-2024 16:59 is 0.00.

What is the P/B ratio of Websol Energy System?

The latest P/B ratio of Websol Energy System as of 21-Nov-2024 16:59 is 30.01.

What is the 52-week high and low of Websol Energy System?

The 52-week high of Websol Energy System is ₹1,645.6 and the 52-week low is ₹185.1.

What is the TTM revenue of Websol Energy System?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Websol Energy System is ₹280.5 ( Cr.) .

About Websol Energy System Ltd

Webel-Sl Energy Systems, is a leading producer of Solar Photovotaic Cells and Modules in India. It is one of the fastest growing companies within the solar photovoltaic industry in India with a 30 per cent annual growth rate and a 10 MW manufacturing facility for cells and modules.

Solar cells are being produced at the company's state-of-the-art integrated production facility in Kolkata with automated processes and a unique captive technology. In this integrated production system, Webel Solar produces high efficiency photovotaic cells and modules using mono-crystalline silicon wafers. A high standard of quality is maintained throughout the entire process of making cells to modules.

Webel Solar has established the reputation for making highly reliable photovoltaic modules for various domestic and commercial applications. All Webel Solar's modules are suitable for grid-connected and stand-alone power plants of high performance and reliability.

Webel Solar Modules are made with high efficiency solar cells. Every single cell is electrically matched to minimize losses, for making modules suitable for commercial as well as domestic applications Webel Solar modules have been tested for their suitability for grid connected as well as stand-alone systems offering high performance and reliability.

The solar photovoltaic module is manufactured with mono-crystalline solar cells conforming to strict requirements of international quality standards.

Milestones:

1995-1997 Production commenced with technical support from a European established Company. The company processed 5' wafers. Installed capacity: 1 MW.
1998-1999 Production evolved to 6' wafers and modules upto 95 Wp for type W900. A quality cetificate for JRC-ISPRA IEC 61215 standards was obtained.
2000-2001 Production commenced on 8' wafers. Module capacity increased to 125 Wp. For type W1000. Intalled capacity - 3 MW
2002 The JRC-ISPRA IEC 61215 standards certificate was obtained for all W1000 modules. UL 1703 listing was obtained for all W900 type modules
2003 Installed capcity increased from 3 MW to 5 MW. UL 1703 listing was obtained for W1000 type modules. Production of 160/190 Wp modules commenced.
2009 - 30 MW cell & module line installed and commissioned
Solar PV cells and modules trial production started in May 2009
Received IEC 61215 and IEC 61730 certification for 180 Wp and 225 Wp module
Established representative offices in USA and Germany
2011 - The Company has signed a Joint Venture Agreement on February 21, 2011 with M/s Gopika Infrastructure LLP for the development of its land situated at Plot No. 1, Block - GP, Salt Lake Electronics Complex, Kolkata - 700 091.

Product range of the company includes: